St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-01
ST. PAUL COMPANY,
GOGEBIC INVESTMENTS,
Us Stocks Bought and Sold !!
GEO. c. OLCOTT,
303 Drake Block ST. PAUL
NCHAL.
New York.

NEW YORK, March 31.-Money on call ruled
lighter, ranging from to per cent; closed
offered at Z. Prime mercantile paper. $40
81; sterling exchange, dull but steady and
unchanged. The upward movement III the
stock market was resumed to-day, and the
steady appreciation of values met with no
backward move of Importance throughout
the entire day, Notwithstanding the fact that
money ruled higher than it has yet DONE and
the fear of stringent money TO some extent
restricted speculation. A strong and even
buoyant tone was developed late in the day,
and the general distribution of the trading
was marked feature. London was not an
important factor, although it had buying Or
derS in several of the iow-priced Shares-par-
ticularly the Gould stocks. Unusual increase
of buying orders from Chicago was noticed,
and the belief became general upon the street
that strong bull pool had been formed which
began operations to-day. AS was TO be eX-
pected, ST. Paul was made first fayorite, and
it led the market in activity and strength.
The other grangers responded, although their
movements were much less import
ant than that in the first-named stock.
Ali the specialties were more animated
and stronger and Richmond & West Point,
Union Pacific and Western Union were spe-
cialiy prominent in the last hour. Among the
low price shares Fort Worth IL Denver again
commanded most attention, although it's
movement for days was insignificant. The
opening was comparatively quiet but firm at
an advance of small fractions over last even
ing's final figures There was no special
feature in the trading in the first hour, but
the entire list made further slight advances.
After that time. however, St. Paul suddenly
sprung into activity and quickly advanced
per cent There was q noticeable increase in
the amount of business done over the entire
list and the upward movement continued.
In the afternoon there was less animation in
the market and the high prices of the morn
ing were not fully maintaned-Fort Worth
developing decided weakness. Toward the
last hour, however, there was a renewal of
the confident buying, and at the close was
moderately active and strong at the best
prices Of the day. The entire active list with
the exception of Pacific Mail, is higher
this evening and st. Paul is up J5s,
Union Pacific ~, Wabash preferred N
Railroad bonds were moderately active. and
Erie 2ds again came to the front with
sales of 10000 out of a total days business
of Sl.605,900. The closing prices generally
show advances, but in a few instances they
are for more than fractions. Detroit, Bay
City s. Apena lists rose g. to 10Y; Houston Il
Texas Wacos, Is, coupon Off, 2, to lis, and
Wabash general trust receipts 4, to so. Gov
eminent bonds were dull but firm. State bonds
were dull and steady. The total sales of
stocks to-day were SIS, 4S5 shares. including:
DEL Lack. s. W.. Oregon Trans -. $3.50
(Ex-div. 80. IA, 100 Reading is. $50
Erie. COS st. Paul. SIS
Mis-. X. & Tex. 6.160 t.Paul s. Omaha $500
Lake Shore. Is $50 Texas Pacific. -. 1000
Louisville & N. $500 Union Pacific. lis, 565
Northwestern. $500 Western Union. 10, 1O3
New Jersey Cen. APO Wabash Pacific. 4,420